25050 Newberry RdNewberry, FL 32669

Property Details for 25050 Newberry Rd

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

1,872 SF

Zone code

CG

Property type

Office properties

Property subtype

Office buildings

APN

02197-001-000

APU

2197001000

Description

This exceptional 1,872 square foot retail property, situated on a 0.22-acre lot at 25050 W Newberry Road in Newberry, Florida, presents a compelling investment opportunity. The property's strategic location offers significant potential for growth and community impact. The building's 1,872 square feet provide ample space for a variety of retail uses, allowing for customization to suit a wide range of business concepts. The 0.22-acre lot provides sufficient space for potential expansion or outdoor amenities, further enhancing the property's appeal. The asking price of $600,000 reflects the property's strong potential for return on investment. This property is ideally suited for entrepreneurs and investors seeking a high-growth area with a strong community focus. Its versatile design and ample space make it an attractive option for a variety of retail ventures. The location in Newberry, Florida offers access to a growing market and a vibrant community. This is a rare opportunity to acquire a well-positioned retail property with significant upside potential in a thriving area. The property is ready for immediate occupancy, allowing for a swift start to operations. Serious inquiries are encouraged to explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $404,258

  6.5%

  $373,162

  7%

  $346,507

• Comparable approach

  Method

  Valuation

  Relative Method

  $127,315

  Geo Method

  $127,315

• Alternative Use

  Use

  Valuation

  Residential

  $462,720

  Hospitality

  $423,849

  Educational

  $352,638

  Medical

  $364,765

  Retail

  $548,548

Location Insight

City

Newberry

County

Alachua

State

Florida

Latitude

29.6468

Longitude

-82.6077

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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